Question: Compensation programs that compensate employees for the knowledge they possess are known as: performance - based pay plans. competence - based pay plans. seniority -

Compensation programs that compensate employees for the knowledge they possess are known as:
performance-based pay plans.
competence-based pay plans.
seniority-based pay plans.
merit-based pay plans.
Compensation programs that compensate employees for the knowledge they possess are

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